Key Points
BEIJINGChinas sprawling manufacturing sector returned to expansion in March after five months of decline, adding to signs of a stabilizing economy as a recent string of stimulus measures starts to kick in..
An official gauge of Chinas factory activity edged up to 50.8 from Februarys 49.1, the countrys National Bureau of Statistics said Sunday, beating a forecast of 50 by economists polled by The Wall Street Journal..
Sundays upbeat reading comes after a bundle of indicators for the January-February period showing the worlds second-largest economy started off the year on a solid footing, led by the manufacturing sector, with exports topping expectations and industrial profits returning to growth..
While the recent run of positive data will help lift the immediate pressure on Chinas leaders, who recently set a growth target of around 5% for the year, many economists say authorities still need to roll out more policy support to hit that relatively lofty goal..
Despite recent statements from Chinas central bank pointing to further monetary easing, economists say imminent cuts to banks required reserves or to interest rates are unlikely, citing uncertainty around the timing of rate cuts by the U.S. Federal Reserve..
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